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Strait of Hormuz becomes key oil market risk as US strikes Iran, Rystad Energy commentary

In the early hours of 28 February, the US and Israel launched direct and extensive military operations inside Iran, in what appears to be a campaign broader in scope and intensity than the previous 12-day confrontation. Intercontinental Exchange (ICE) Brent crude oil prompt-month prices are expected to rise by US$20/bbl when trade opens on 2 March.

 
 
 
 
 
 
 
 
 
 
 
 
 

John Crane celebrates 50 years of dry gas seal innovation

John Crane, a global leader in flow-control technologies and an innovator in solutions for rotating equipment, and a business of Smiths Group plc, is marking 50 years since a breakthrough that revolutionised gas compression sealing.